The shares of Lesha Industries Ltd., an Ahmedabad based small-cap company have given multi-bagger returns over the previous year. The stock closed at its 52-week high of ₹ 29.05, up a whopping 1,186% from its year-ago price of ₹ 2.33. An investment of ₹ 1,00,00 in Lesha one year ago would be worth ₹ 11,04,002 today.
The shares are currently locked at a 5% upper circuit. They have been hitting the upper circuit for the last twelve trading sessions in succession.
The company is primarily in the business of trading and manufacturing various steel products. The company also operates in the capital market in shares & stocks space and has a division for information technology & allied services too. Over and above the main businesses mentioned above, the company is also involved in the trading of various toy items.
Taking a shorter-time horizon, the scrip has climbed 462.02% over the last 6 months from its price of ₹ 5.15. Similarly, the gains for the last month are impressive as well: 104.93% or increase from its a month-old quote of ₹ 14.42. Therefore, ₹ 1,00,000 invested 6 months ago would have generated a profit of ₹ 4,44,660.
The public shareholding for the company stands at 58.01%, while the promoters hold the remaining 41.99% of the company. The company further improved its debt to equity ratio to arrive at the figure of 0.3 for the financial year ended 2020-21 from 0.6 reported a year earlier.
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
